Saudi Aramco Base Oil Co. (Luberef) signed a successor feedstock and return streams supply agreement with Saudi Arabian Oil Co. (Saudi Aramco). The company announced the deal through a formal regulatory filing.
Saudi Aramco serves as the primary provider of raw materials for Luberef’s operations. This agreement governs the supply of essential feedstock required for base oil production.
The new terms aim to ensure operational continuity while influencing future cost structures and profitability. Specific financial impacts and detailed contract terms remain undisclosed at this time.